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2018 (2) TMI 1950 - ITAT MUMBAITP Adjustment - Comparable selection - HELD THAT:- Assessee was engaged in providing investment advisory services of non-binding in nature, thus companies functionally dissimilar with that of assessee need to be deselected. We find that if the two comparables selected by the assessee and upheld by us in paragraph 4.2 are included and the comparable namely Ladderup selected by the revenue is excluded, the assessee’s adjusted margin of 14.76% as computed by the revenue well exceeds the margin of the comparables on the basis of single year data. The stated fact, in itself, makes the other contentions raised by assessee, merely academic in nature and therefore, we do not find any necessity to delve into the same. Therefore, the matter is restored back to the file of Ld. AO to compare the margins / PLI of the assessee vis-à-vis margins / PLI of the two comparables and re-compute the total income of the assessee
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